Afarak sees “solid” long-term market prospects despite losses
Management said the company delivered a “good performance given the market circumstances” as it focuses on cost reduction and cash preservation
Company
Afarak Group PLC
LON:AFRK
Afarak Group PLC is a global vertically-integrated producer of speciality alloys with operations in South Africa, Turkey, Germany, London, Helsinki and Malta. Recognised as a critical metal producer, Afarak supplies world leading companies in a broad range of industries across the globe.
95 stories · page 2 of 5
Afarak studying Finnish regulator’s imposition of €1.45mln fine
The decision of the Finnish regulator is not yet legally binding
Afarak takes action to address challenges at Mogale smelter
Afarak said it continues to "work hard to turn around the operational performance of the Mogale smelter and will keep its future viability under review".
Archive
News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
Afarak tries to distance itself from row between major shareholder and Finnish authorities
Danko Koncar, a major shareholder of Afarak and former chief executive of the company, has been fined for refusing to launch a takeover bid for the firm
Afarak insists plans to scale back Mogale output won't affect buy-back or financing
Afarak said it expects the temporary shut-down to keep losses from Mogale operations “contained”.
Afarak to scale back production at Mogale operations amid challenging headwinds
“As we have previously indicated, it has proven challenging to mitigate the headwinds that our operations at Mogale have faced for some time,” said chief executive Guy Konsbruck.
Archive
Proactive news snapshot: Taptica, HemoGenyx Pharmaceuticals, IronRidge Resources, Sirius Minerals…
A glance at some of the day's highlights from the Proactive Investors newswire
Afarak expresses relief as special audit of accounts better than feared
Afarak said the audit will not cause the company "significant cost burdens"
Archive
Proactive news snapshot: Kibo Energy, W Resources, Sativa Investments …
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
Proactive weekly mining highlights: Metal Tiger, Savannah Resources, Bluejay Mining ...
A look back at this week's top news from London's junior mining sector
Afarak secures funding with combination of an chrome ore off-take agreement, several financing deals
Under the off-take agreement, the group said it will deliver goods from its South African mines from July 2019 to July 2023 and against these deliveries will receive prepayment
Archive
Proactive news snapshot: Stobart Group, IQ-AI, Alba Mineral Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
Netcall among Wednesday’s strugglers as its by NHS purchasing delays
Here's Wednesday's look at the major stock market movers
Afarak Group to issue new shares to increase interests in South Africa assets
Through relatively modest transactions Afarak is increasing its ownership interests.
Investments and investor services
Cellcast downcast as Kenya ups the ante in attack on the gambling industry
A look at the day's major movers, including Topps Tiles, Mortgage Advice, Shoe Zone, Knight's Group, UDG, GYG and Galliford Try.
Archive
Proactive news snapshot: VR Education, IronRidge Resources, Sirius Minerals, Itaconix …
A glance at some of the day's highlights from the Proactive Investors newswire
Afarak Group proposes to become a ‘European company’
The proposal aims to give the company more flexibility and it could also see benefits from legislation.
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's premier shares index closed up around ten points at 7,320
Archive
Severn Trent to kick off water sector updates on Tuesday; retailers also in focus
The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith